The Topix gained 1.2 percent to 1,091.96 as of 9:11 a.m. in
Tokyo, after falling 1.9 percent over the past two days. The
Nikkei 225 Stock Average added 1.5 percent to 13,158.74.

The Topix fell about 15 percent as of yesterday from an
almost five-year high on May 22, paring this year’s gain to 25
percent. The gauge traded at 13.8 times average estimated
earnings, compared with multiples of 14.4 for the Standard &
Poor’s 500 Index and 12.4 for the Stoxx Europe 600 Index.